The SPAC bubble is bursting, according to Charles-Henry Monchau, CIO at Zyz: With monetary policies tightening, speculative bubbles are bursting one after the other. SPACs are no exception.
Rhode Island businesswoman Helena Foulkes' newest venture filed documents with the SEC to create BrightSpark Capitol, a blank check company as she was gearing up for a run for Rhode Island governor.
Roaring 20s for SPACs? | World Finance worldfinance.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldfinance.com Daily Mail and Mail on Sunday newspapers.
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A commercial space transportation company is about to go public with a valuation of about $US1 billion ($1.3 billion), despite not yet providing commercial space transportation.
Momentus of Santa Clara, California, which sells in-space shuttle services that help move satellites between orbits, is having what one might call a moment in the sunshine. And the three-year-old start-up isn’t even unusual: Space is filling up with all manner of start-ups that resemble the flowers that once sparked a speculative bubble centuries ago. In fact, we’re approaching tulipmania in space.
Between the first quarter of 2020 and the first quarter of this year, private-equity investors pumped $US8.7 billion into space companies. That’s a 95 per cent increase over the previous 12 months – and it took place during a raging pandemic. “A near-doubling in investment levels in the face of a global economic crisis is remarkable,” noted the venture-capital firm Seraphim in a recent report.
Could Saghmos Therapeutics join the ranks of Triad public companies? Biotech founders mull IPO, SPAC as options bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.